- CEO
- David W. Lichtenstein
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Lakewood United States
- IPO Date
- Feb 13, 2023
- Business
- Lightstone Value Plus Real Estate Investment Trust II, Inc. is a public real estate investment trust focused on acquiring, owning, developing, and managing a diversified portfolio of income-producing commercial real estate properties and real estate-related debt investments in the United States. Founded in 2008 and headquartered in Lakewood, New Jersey, the company is sponsored by The Lightstone Group and externally advised by Lightstone Value Plus REIT II Adviser LLC. The company operates through multiple core asset classes and service offerings, which include: hospitality real estate, encompassing select-service, extended-stay, and full-service hotel properties franchised under national hospitality brands including Marriott International, Hilton Worldwide, and Hyatt Hotels; multifamily residential properties, comprising garden-style and mid-rise apartment communities; commercial and industrial assets, including warehouse distribution facilities, light manufacturing facilities, and flex office spaces; retail real estate, comprising community shopping centers and net-leased commercial buildings; and real estate-related debt instruments, including mezzanine loans, mortgage debt obligations, and preferred equity investments. The company also provides real estate operational services, including property leasing, tenant coordination, asset management, and property-level capital expenditure oversight across primary, secondary, and tertiary metropolitan markets throughout the United States. In recent developments, the company has concentrated on balance sheet optimization and portfolio rationalization, executing targeted dispositions of non-core hotel and commercial properties, refinancing property-level debt obligations to address maturity schedules and interest rate conditions, and implementing brand-mandated property improvement plans across its hospitality portfolio. The company continues to prioritize operational liquidity, active asset management, and the evaluation of strategic liquidity alternatives in collaboration with its sponsor.